All Shoe Intelligence articles in Volume 24, Issue 11+12 – Page 2
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News briefsUFG in license agreement with Paul Frank
Unlimited Footwear Group (UFG) reached a license agreement to design, produce, market and distribute Paul Frank branded footwear in 50 countries including the entire European Union, Eastern Europe, the U.K., Switzerland and Scandinavia. The brand will be managed by UFG’s unit Heritage Footwear Company, which plans to launch two ...
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News briefs
Vietnam’s footwear exports up nearly 13%
Vietnam’s footwear exports rose by 12.6 percent year-over-year in the first four months of 2022, generating more than $7.3 billion dollars in revenues, according to the country’s Ministry of Industry and Trade. In the whole of 2021, Vietnam generated $17.6 billion from the export of footwears, up by 4.9 percent.
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News briefs
Indian leather exports up by a third
Indian exports of leather and leather products rose by a third to reach $4.4 billion in the 11 months to February 2022, according to the Council for Leather Exports (CLE). India’s fiscal year runs from April to March. Exports of leather footwear rose by 39 percent to $1.8 billion and ...
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ArticleMetaverse and blockchain to feature at Expo Riva Schuh’s Innovation Village Retail
The metaverse and blockchain technology will be featuring prominently at Expo Riva Schuh & Gardabags’ Innovation Village Retail scheduled from June 11 to 14 in Riva del Garda, Italy. The “Village” was first introduced at Expo Riva Schuh in the previous edition held from Jan. 15 to 18. “For this ...
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ArticleGenesco expects promotional activity to rise as inventory levels normalize
Genesco’s gross margins have been supported by full-price sales, but the company believes that markdowns are likely to rise as inventories return to more normal levels and consumers become choosier in the face of high inflation and slowing economic growth. Due mainly to increased markdown activity, but also as a ...
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News briefs
Vans opens a new store in Milan
Vans has opened a three-story, 300-square-meter shop in Milan’s Via Orefici at the Orefici11 retail space, which also hosts brands like The North Face, Timberland and Napapijri. It is Vans’ 36th store in Italy and its fifth in Milan.
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ArticleHow Covid-19 has increased the signification of the Indian market for RAM
The disruption caused by the Covid-19 pandemic has increased the importance of the domestic market for the Indian footwear manufacturer RAM, and its weight in the company’s business is expected to remain above pre-pandemic levels even when the situation stabilizes. The company is also ready to take on its Chinese ...
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ArticleAlibaba does not provide guidance due to Covid uncertainty
The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business. “Since mid-March 2022, our domestic businesses have been significantly affected by the ...
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News briefs
Piquadro names Francesco Giovagnoni as general manager
The Italian leather goods group Piquadro has appointed Francesco Giovagnoni as its new general manager. Giovagnoni comes to Piquadro with a lengthy experience in the luxury goods sector, having held management positions at Sara Lee Branded Apparel, Bulgari, DBApparel, Damiani and Campo Marzio. He said this is a ”decisive moment” ...
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News briefs
Timberland renews eyewear agreement with Marcolin
Timberland, the footwear brand owned by VF Corp, has renewed until December 2026 its license agreement with the Italian eyewear manufacturer Marcolin. The companies have worked together since 2003. Under the agreement, Marcolin oversees the design, production and global distribution of sunglasses and optical frames with the Timberland name. At ...
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News briefs
Italy fashion sector revenues up by 19.3% in Q1
Revenues in Italy’s fashion sector in the first quarter of 2022 increased by 19.3 percent compared to the year earlier, above expectations of 14 percent growth, according to data from the research office of the trade association Confindustria Moda. In the same period, orders in the fashion sector were 15 ...
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News briefs
Chinese economic situation worse than in 2020
The Chinese Prime Minister Li Keqiang said that the country is facing a “critical moment” with difficulties that are worse, to a certain extent, than in 2020 when the Covid-19 pandemic emerged. China is tackling a resurgence of the pandemic and has applied a zero-Covid policy resulting in restrictions, including ...
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ArticleCaleres hikes sales, earnings outlook after record Q1
Caleres raised its guidance for revenues and profits for the full year after posting its best-ever first quarter for sales, gross margin and earnings. Sales in the three months ended April 30 grew by 15.1 percent to $735.1 million, comfortably above an analyst consensus for a top line of about ...
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News briefs
Camel Active Footwear licensee HC Footwear files for bankruptcy
HC Footwear, a unit of Hamm Market Solutions which holds the Camel Active license for footwear, has filed for bankruptcy. Supply chain disruptions, soaring freight costs and extended lockdowns drove the Osnabrück-based company into insolvency, HC Footwear said in a statement. The war in Ukraine and a decline in ...
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ArticleC-suite interview: Casteller to expand in the U.S., domestically to return to pre-pandemic levels
Casteller, the Spanish brand mainly known for its women’s shoes made with jute soles, aims to expand its presence in the U.S. as well as boost domestic sales to return to pre-pandemic levels. Despite recouping some of the revenues lost in 2020 because of the outbreak of the Covid-19 pandemic, ...
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News briefs
Nicowa launches a footwear, accessories collection
After opening at the end of last year an office in Verona to optimize production processes in northern Italy, Nicowa is expanding to include shoes and accessories for the autumn/winter 2022/23 season. Since April, Anna Boutachkova has been on board with the Munich womenswear label as head of design for ...
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ArticleWalmart to launch drone deliveries in 6 U.S. states
Walmart is expanding its drone delivery network to 34 sites by the end the year, providing the potential to reach 4 million U.S. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia. The service is done in partnership with DroneUp and will enable to deliver over 1 ...
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Sponsored7 reasons why you can’t miss OutDoor by ISPO
OutDoor by ISPO is back: With countless innovations from the outdoor industry and around 300 brands on more than 30,000 square meters.
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News briefs
Pakistan footwear exports up 11.5% in 10 mths
Pakistan exported 15.7 million pairs of shoes, up by 11.5 percent in volume, in the first ten months of the country’s fiscal year ending in June. Export revenues grew by 21 percent to $130 million over the period, according to the Pakistan Bureau of Statistics.
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News briefs
Designer Brands hires Doug Howe as head of DSW
Designer Brands has appointed Doug Howe as president of DSW Designer Shoe Warehouse and executive vice president of Designer Brands, effective late May. ”Howe’s appointment brings continued strength and momentum to Designer Brands putting customers, brands and speed at the forefront of the retailer’s 519 U.S. store locations and ...
